Right time to save and invest

Saving and investing are two basic and important foundations of having a good financial life. Investing may be done through stocks, mutual funds, real estate, etc.

But when should we start saving and investing?

We can get a glimpse of the answer to this question from Proverbs 6: 6-11:

Go to the ant, O sluggard, study her ways and learn wisdom; For though she has no chief, no commander or ruler, She procures her food in the summer, stores up her provisions in the harvest. How long, O sluggard, will you lie there? When will you rise from your sleep? A little sleep, a little slumber, a little folding of the arms to rest—Then poverty will come upon you like a robber and want like a brigand.

The ant gathers and stores food during the summer, so she can harvest during the rainy days. She does this as early as she could, so she can store as much as she needs.

This same principle can be also applied to saving and investing. The earlier you start, the better! The younger you start saving and investing, the better the fruits you can harvest at a later time.

Make saving and investing a priority next to tithing. And as tithing must be done regularly, saving and investing must be also done regularly (e.g. monthly). And more importantly, start the earliest time possible with the little that you have. Do not wait to have big money. Start right away with the small that you have!

Note: Ensure you are investing your money with the right entities.

Marj Baynosa is a chemical engineer and educator, who loves reading and writing in her spare time, especially on finance, faith, and other seemingly mundane things.